About Me

My photo
This site is the inspiration of a former reporter/photographer for one of New England's largest daily newspapers and for various magazines. The intent is to direct readers to interesting political articles, and we urge you to visit the source sites. Any comments may be noted on site or directed to KarisChaf at gmail.

Tuesday, September 24, 2013

The First Four Obamacare Train Wrecks… With Many More to Come -- By Jim Geraghty, National Review

Look, Democrats. You fouled up on Obamacare. You fouled up big time, and time is running out to mitigate the damage.

You said you had to pass the bill in order to see what’s in it. Apparently it was like the Ark of the Covenant.

Yes, this is a train wreck. It’s a train wreck upon another train wreck, upon another train wreck… it’s train wrecks all the way down.

For starters, it’s a fragmentation grenade to the full-time job market. CNBC:

With open enrollment for Obamacare about to begin, small- and medium-sized businesses are not hiring because of uncertainty surrounding the implementation of the law, the CEO of nation’s fifth-largest staffing company said on Monday.

“Companies are really not interested in hiring full-time people. That’s really the issue with Obamacare,” Express Employment Professionals boss Bob Funk told CNBC’s “Squawk Box” on Monday.

Funk, a former chairman of the Kansas City Federal Reserve, admitted that this trend is a “boon” for his business, but “not healthy for the country as a whole.”

Secondly, the Wall Street Journal reports that the software doesn’t work. These geniuses have spent oodles of taxpayer money encouraging people to sign up for the exchanges, only to find out the software to run the exchanges isn’t working:

Less than two weeks before the launch of insurance marketplaces created by the federal health overhaul, the government’s software can’t reliably determine how much people need to pay for coverage, according to insurance executives and people familiar with the program.

Government officials and insurers were scrambling to iron out the pricing quirks quickly, according to the people, to avoid alienating the initial wave of consumers.

A failure by consumers to sign up online in the hotly anticipated early days of the “exchanges” is worrisome to insurers, which are counting on enrollees for growth, and to the Obama administration, which made the exchanges a centerpiece of its sweeping health-care legislation.

If not resolved by the Oct. 1 launch date, the problems could affect consumers in 36 states where the federal government is running all or part of the exchanges. About 32 million uninsured people live in those states, but only a fraction of them are expected to sign up in the next year.
(Click link below to read more)
READ MORE Sphere: Related Content

No comments:

Post a Comment